Key Points
- Arista Networks major shareholder Andreas Bechtolsheim sold 205,000 shares on May 22 at an average price of $151.74, totaling about $31.1 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Bechtolsheim still held 183,023,048 shares of Arista Networks, and the sale represented only a 0.11% decrease in his ownership stake.
- Arista continues to show strong fundamentals and analyst support, with its latest quarterly results beating estimates and revenue rising 35.1% year over year. Wall Street remains bullish, with an average analyst rating of Buy and a consensus price target of $185.72.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) major shareholder Andreas Bechtolsheim sold 205,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $151.74, for a total transaction of $31,106,700.00. Following the completion of the sale, the insider directly owned 183,023,048 shares in the company, valued at approximately $27,771,917,303.52. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Arista Networks Stock Performance
ANET stock opened at $154.17 on Thursday. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80. The stock's 50 day moving average price is $146.62 and its 200 day moving average price is $137.31. The firm has a market cap of $194.13 billion, a P/E ratio of 52.80, a PEG ratio of 2.43 and a beta of 1.67.
Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the company earned $0.65 EPS. Arista Networks's revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, research analysts predict that Arista Networks, Inc. will post 3.28 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on ANET shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $188.00 target price (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Piper Sandler reissued an "overweight" rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. TD Cowen reissued a "buy" rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. UBS Group reissued a "buy" rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities boosted their target price on shares of Arista Networks from $180.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $185.72.
Read Our Latest Stock Analysis on Arista Networks
Institutional Trading of Arista Networks
Hedge funds have recently added to or reduced their stakes in the business. Board of the Pension Protection Fund acquired a new stake in Arista Networks in the 4th quarter worth about $26,000. Main Street Group LTD acquired a new stake in Arista Networks in the 1st quarter worth about $26,000. Sankala Group LLC acquired a new stake in Arista Networks in the 4th quarter worth about $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks during the fourth quarter worth approximately $28,000. Finally, Knuff & Co LLC purchased a new position in Arista Networks during the third quarter worth approximately $29,000. 82.47% of the stock is owned by institutional investors and hedge funds.
About Arista Networks
(
Get Free Report)
Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista's offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.
Central to Arista's product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company's hardware platforms.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
